May severe weather: multi-billion dollar insurance payout aids recovery

May severe weather: multi-billion dollar insurance payout aids recovery

Severe weather across the United States in May resulted in combined public and private insured losses of at least $3 billion.

Aon Benfield’s latest Global Catastrophe Recap report reveals that central and eastern parts of the U.S. saw extensive damage from large hail, straight-line winds, tornadoes and isolated flash flooding during last month’s storms.

The most prolific event? A May 8 major stormΒ inΒ the greater Denver, Colorado metro region, where damage from softball-sized hail resulted in an insured loss of more than $1.4 billion in the state alone.

http://www.iii.org/insuranceindustryblog/?p=5090


Source: DRJ New feed

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